Gallantt Ispat IPO GMP History
Gallantt Ispat IPO has been listed on October 11, 2010 at a listing price of ₹52, against the issue price of ₹50 — a gain of ₹2 (+4%). The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Gallantt Ispat IPO raised ₹40.5 Cr. through its IPO at a price band of TBA per share, with a lot size of 125 shares. The IPO was open for subscription from 22 Sep 2010 to 24 Sep 2010.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 12 Nov, 10:03 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| No GMP history available yet. | |||||
Gallantt Ispat IPO dates
Key dates from opening to listing. Today is 13 November.
- Open 22 Sep 2010
- Close 24 Sep 2010
- Allotment 05 Oct 2010
- Refund/credit TBA
- Listing 11 Oct 2010
Gallantt Ispat IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹50 |
|---|---|
| Listing gain / loss | +₹2 per share |
| Listing date | 11 Oct, 2010 |
| Actual listing price | ₹52 (+4%) |
Is Gallantt Ispat IPO GMP reliable?
Grey market premium for Gallantt Ispat IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Gallantt Ispat IPO full review for a fundamentals-based assessment before making any grey market trades.
Gallantt Ispat IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Gallantt Ispat IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Gallantt Ispat IPO
Gallantt Ispat Limited was incorporated on 11 February 2005 at Kolkata, West Bengal. Its promoters include Chandra Prakash Agarwal, Prem Prakash Agarwal, Nitin M. Kandoi and Gallantt Metal.
It makes and sells sponge iron, mild steel billets and re rolled products such as TMT bars and mild steel structurals, and also makes wheat flour products.
Its projects at Gorakhpur in Uttar Pradesh covered sponge iron, billets, re rolled products, a captive power plant and a flour mill.
The IPO was Rs 40.5 crore at Rs 50 per share.
Frequently asked
What is the GMP of Gallantt Ispat IPO?
The current Grey Market Premium (GMP) of Gallantt Ispat IPO is not yet started or active in the market.
What is the Kostak Price of Gallantt Ispat IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Gallantt Ispat IPO is not available.
What is the Subject to Sauda Price of Gallantt Ispat IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Gallantt Ispat IPO?
Gallantt Ispat IPO listed on October 11, 2010 at ₹52, against the issue price of ₹50 — a gain of +4%.
How did the GMP of Gallantt Ispat IPO trend before listing?
The GMP of Gallantt Ispat IPO was stable in its final days before listing. View the day-wise table above for the complete GMP history.
Explore Gallantt Ispat IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
